Goodyear Tire & Rubber Co. Announces Immediate Departure of CEO Mark Stewart
Goodyear Tire & Rubber Co. has announced that CEO Mark Stewart is stepping down effective immediately, after a tenure that began in January 2024. Board member Roger Wood has been appointed as interim CEO and president to lead the company through its ongoing multiyear transformation plan. The leadership transition occurs amid significant financial headwinds, including recent third-quarter results showing a 2.3% decline in net sales and an adjusted net loss of $31 million. The company is currently navigating challenges such as rising raw material costs, tariffs, and intensified competition from Chinese manufacturers while attempting to meet profitability targets.
Tickers: $GT
Topics: CEO resignation Company restructuring Interim CEO appointment Leadership transition
Part of the story Goodyear Tire & Rubber Appoints Interim CEO Roger Wood Following Mark Stewart's Departure (2 articles)